Allison Transmission (NYSE:ALSN – Get Free Report) issued its quarterly earnings results on Thursday. The auto parts company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.01, Yahoo Finance reports. The firm had revenue of $789.00 million for the quarter, compared to analyst estimates of $772.37 million. Allison Transmission had a net margin of 21.80% and a return on equity of 58.05%. Allison Transmission’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company posted $1.85 EPS. Allison Transmission updated its FY 2024 guidance to EPS.
Allison Transmission Stock Up 2.1 %
NYSE ALSN traded up $1.60 on Monday, reaching $76.09. The company had a trading volume of 1,339,641 shares, compared to its average volume of 688,034. The firm has a market capitalization of $6.67 billion, a PE ratio of 9.95, a P/E/G ratio of 1.38 and a beta of 1.03. The firm has a 50-day moving average of $77.83 and a 200-day moving average of $64.39. Allison Transmission has a 1 year low of $45.36 and a 1 year high of $83.42. The company has a debt-to-equity ratio of 2.03, a current ratio of 2.49 and a quick ratio of 1.94.
Allison Transmission Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were issued a $0.25 dividend. This is an increase from Allison Transmission’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.31%. The ex-dividend date was Friday, March 1st. Allison Transmission’s dividend payout ratio is currently 13.35%.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on ALSN
Insider Activity at Allison Transmission
In other Allison Transmission news, VP Ryan A. Milburn sold 2,598 shares of Allison Transmission stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $75.40, for a total transaction of $195,889.20. Following the sale, the vice president now directly owns 14,456 shares in the company, valued at approximately $1,089,982.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Dana Jh Pittard sold 2,686 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $72.84, for a total value of $195,648.24. Following the sale, the vice president now owns 5,143 shares of the company’s stock, valued at approximately $374,616.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Ryan A. Milburn sold 2,598 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $75.40, for a total transaction of $195,889.20. Following the completion of the transaction, the vice president now owns 14,456 shares of the company’s stock, valued at approximately $1,089,982.40. The disclosure for this sale can be found here. In the last three months, insiders sold 87,843 shares of company stock valued at $6,244,562. Corporate insiders own 0.93% of the company’s stock.
About Allison Transmission
Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.
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